Financial Security Management of Purchasing Groups
Keywords:
strategy, financial liquidity, financial security, management, purchasing group, central unitAbstract
Optimization of financial resources and funding sources is a guarantee of financial
security. Enterprises need financial resources to develop. The conditions of the pandemic, even more
than regular competition, show the problems resulting from the lack of financial resources, and the
lack of adequate financial reserves makes it difficult to start after lockdown. In recent years, SMEs
have merged into multi-entity organizations to improve their financial security. These organizations
are managed by specially created central units (purchasing groups). If the central units run into
financial difficulties, numerous companies operating within purchasing groups will also be at risk.
The aim of this article is to assess the approach to financial security of purchasing groups depending
on the location of the central unit. The analysis was conducted on a group of 9 central units making up
the largest purchasing groups in the construction industry in Poland. They were divided into two
groups into internal and external central units. The conducted analysis identified financial security
management strategies as quite risky, which requires some changes, which are presented in the article
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